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spending, more big government. it would be very helpful to us to be able to say to the american people that our fiscal house is in order. the question now is, what should we be doing to win the future and make ourselves more competitive and create jobs? whatever the government is doing that creates waste, we should eliminate it. thank you, guys. thank you, guys. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] >> this weekend on c-span, live from salt lake city, the nation's governors look at the nest -- lessons of 9/11. look for live coverage saturday at 5:30 p.m. eastern and sunday at 1:30 p.m. eastern. the national governors association this weekend online come on c-span radio, and on c- span. >> this is the members from here at the library of congress. a private room for senators and house members. if they can also have their personal records held here at the library. how many congressional records are there? you will find out in c-span's original
spending, more big government. it would be very helpful to us to be able to say to the american people that our fiscal house is in order. the question now is, what should we be doing to win the future and make ourselves more competitive and create jobs? whatever the government is doing that creates waste, we should eliminate it. thank you, guys. thank you, guys. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] >> this weekend...
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that is the big issue. the issue that the gentleman makes -- moodys, standard and poor's, and others, that is where those who put their money with us look to see if there is something to be nervous about. nervousness in the business world and the investment world is creating a lot of the issues we have right now. it is the unknown that keeps people from reaching into their surplus money, and deciding whether or not to invest. the nervousness that is created if they should change the rating, they will not drop us to b bonds , i guarantee you, but even if they were to drop bus bounced -- drop us down to double a, there would be feared. fear drives a lot of dangerous thing. host: you're on your way to the conference meeting. what will happen in that room today? guest: i believe we will have presentations about what some of the thinking heads of this country think will happen if the debt ceiling is not increased, but i'm not certain about that. i think we will have discussions about negotiations that have been
that is the big issue. the issue that the gentleman makes -- moodys, standard and poor's, and others, that is where those who put their money with us look to see if there is something to be nervous about. nervousness in the business world and the investment world is creating a lot of the issues we have right now. it is the unknown that keeps people from reaching into their surplus money, and deciding whether or not to invest. the nervousness that is created if they should change the rating,...
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>> they get a big of a deal. we will do it in a long term. >> it is a 1 month extension of the debt ceiling compared to doing it until 2012. >>, the risk is that you lose credibility in the markets about your willingness to experience a few did that, it would be important to send signals somehow that you have a plan. >> better to do it now than ever did in 2213 than a month at a time? >> thank you. >> thank you. thank you. i just have one question. in view is the largest holder of our treasury debt? is it the chinese government? is it the chinese institution? >> they have a lot of it. >> the reserve holdings is there. >> effectively, it became our debts and not paying this. we would be paying the chinese central bank. it would a probably raise the debt ceiling. there is used for the deficits that we face. we are trying to do that. ironically, when you do this, the irony and the priority is to the chinese central bank. it is lower on the pecking order. it would practically be seniors and social security recipients
>> they get a big of a deal. we will do it in a long term. >> it is a 1 month extension of the debt ceiling compared to doing it until 2012. >>, the risk is that you lose credibility in the markets about your willingness to experience a few did that, it would be important to send signals somehow that you have a plan. >> better to do it now than ever did in 2213 than a month at a time? >> thank you. >> thank you. thank you. i just have one question. in view is...
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s'mores are big for us. i would rather have them at home. so -- who hasn't had a question the past couple days? you? >> you talked a little about kind of the mood in the room and how you're getting kind of get up with some of the discussions -- >> we are set up. i'm saying the president has more patience than job. i don't compete with him in that regard. >> the meeting when it broke down yesterday and president slammed back his chair and stood up and said, see you tomorrow. i'm wondering if you can talk about generally the mood of the meeting last night throughout the whole thing and what happened yesterday? >> i don't understand the problem is if the president of the united states after a meeting over two hours stands up and says see you tomorrow. that's how meetings with president's end. you don't leave first. the president leaves first. so that was completely appropriate, unless somebody in the room thought he or she should have the last word and start the exit from the meeting. but that would be i think a breach of protocol. >> you talke
s'mores are big for us. i would rather have them at home. so -- who hasn't had a question the past couple days? you? >> you talked a little about kind of the mood in the room and how you're getting kind of get up with some of the discussions -- >> we are set up. i'm saying the president has more patience than job. i don't compete with him in that regard. >> the meeting when it broke down yesterday and president slammed back his chair and stood up and said, see you tomorrow....
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so that, in and of itself was a big deal for our country. and then personally, if you coupled that, the president at that time or soon after having to help and cope and help betty ford cope with having breast cancer. one can only imagine the ordeal they had to go through as a couple but as president and fist lady. what was going on in their own home and obviously across the headlines as well. host: i read an interview with betty ford that she was opposed to the party before president ford pardonned richard nixon. guest: you know, a lot of people have very strong opinions about it. and that would not surprise me. i had not heard that, but that would not surprise me. but i think again in retrospect, however people felt, it really was designed to help get the country past this dark episode called watergate. host: one of the popular campaign buttons in 1976 was this. "i'm voting for betty's husband " was the button. and gerald ford by a margin of maybe 30 or 40 or 100 delegates beat ronald reagan to win the 1976 presidential primary. that conven
so that, in and of itself was a big deal for our country. and then personally, if you coupled that, the president at that time or soon after having to help and cope and help betty ford cope with having breast cancer. one can only imagine the ordeal they had to go through as a couple but as president and fist lady. what was going on in their own home and obviously across the headlines as well. host: i read an interview with betty ford that she was opposed to the party before president ford...